Greensboro, NC (PRWEB) January 23, 2015
Bluetick Inc. is pleased to announce the release of new features now available for their LMS solution.
The e-Calendar feature allows the user to easily view and access project obligations to ensure timely payments, renew options and manage expirations. Users can keep track of lease expirations, permit expirations, rentals paid and rentals due.
MyTracts allows users to view a list of tracts (with owners) that are assigned to them. It may be used to see all tracts and owners (in a project) given the appropriate rights or can be used to limit the user to only seeing those assigned to them. MyTracts additionally will allow users to manage the status of contacts with land owners and also add custom change requests. The key benefits include the ability to assign owners and tracts to agents quickly, to export ownership based on filter selections and to manage the status of contacts to land owners.
The Bluetick LMS system allows for the creation and management of future payments – payments that need to be made in the future but are not ready to be transferred to accounting. Future payments can be attached to leases, permits, associates, etc. and could be used for reporting purposes to aid in deciding lease renewals. When the future payment becomes due, a process is available to convert the future payment to an actual payment. The key benefits include the ability to monitor upcoming payments, to maintain separation from accounting and to convert payment on due date.
Users can now get the data they need when they need it and to the people who need it most. Use the LMS standard reports or customize them with numerous filter options to sort and present data in the best possible manner. Users can create custom reports with the easy-to-use report wizard. Key functionality allows the user to:
- Utilize LMS standard reports, including leasehold, rental payments, expirations, ROWs and other reporting categories
- Create customizable tract, ownership, leasehold and expiration reports to meet unique requirements that can be reused again and again
- Establish automated email delivery of reports, including rental payments due and expirations. Delivery options are customizable for periodic delivery (e.g. 5 day, 30 day, 60 day).
- Export all reports directly to MS Excel or MS Word
The Bluetick LMS system provides the ability to assign depth restrictions across one or more formations. Users can customize the project to the specific zones required and allocate depth accordingly. Once assigned, tract and ownership lists are grouped by formation to ensure proper interest and net acre calculations. Filter data by depth with reporting tools, show what has been assigned depth, or list only what’s in one or more formations. With the formations feature, users can manage depth by assigning one or more formations to tract ownership, report or filter data by depth formation quickly and easily and sell or split ownership by depth, including retaining portions for themselves.
Assigning overrides and working interest has never been easier. Users can assign interest across one or more leases at a time or across groups of tracts assigned to a Unit, Prospect, Field or AMI. Sell or split interest in a variety of methods, including by boundary and by depth formation. Obtain NRI with reports and also by simply viewing a tract or a grouping of tracts. The key benefits include finding out who owns what and where quickly, attaching WI and ORRI to land ownership and managing interests across leases, agreements and wells.
“Our new added features give the Land Department more tools to operate with to continue to improve their day to day Land Management activities,” said Ken Sigmon, marketing manager at Bluetick Inc. “We are excited about these new features and continue to listen to our customers to make improvements.”
About the Company:
Bluetick Inc. provides innovative solutions to the upstream oil and gas marketplace. Bluetick’s Remote Monitoring and Control (RMC) system helps operators optimize oil and gas production, enhance environmental compliance and safety, and increase workforce performance. Bluetick’s Land Management System (LMS) software automates the entire lifecycle of permit, lease, and ROW acquisition projects, including land records administration and complete GIS mapping interface. For more information about Bluetick Inc., please visit their website at http://www.bluetickinc.com.